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EURUSD consolidates gains The euro pulled lower after PMIs fell short of expectations across the bloc. The pair is testing once again the supply zone around 1.1010 formed by the recent peak and the start of last August’s sell-off. A…
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USDJPY weakens as BoJ to meet The Japanese yen clawed back some losses as traders digested rumours of an end to negative rates. The currency soared on speculation that the BoJ was considering several options to lift interest rates…
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The price of crude has been on the backfoot since the summer, when WTI made a run at $100/bbl. Despite the war in the Middle East and increased production curbs from OPEC+ members, the price kept going down. That is, until now. But are we…
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GBPUSD bounces back Sterling advanced after the Bank of England stressed on keeping rates high for a prolonged period. Despite resistance around 1.2720 at first, the bulls seem to be undeterred by this supply area. An initial 120-pip…
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Tomorrow's release of Flash PMI figures from select major economies around the world could be the last major economic release that could shift market sentiment this year. Particularly in light of the latest round of central bank meetings,…
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EURUSD rebounds sharply The US dollar sank after the Fed’s economic projections showed lower interest rates for 2024. A previous spike at 1.0820 had forced some sellers to cover, then a decisive surge may have put an end to the recent…
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The consensus among analysts is near-unanimous that the Bank of England BOE will keep rates unchanged at the upcoming meeting. Where the market could react more strongly is in potential changes to expectations for next year. And that could…
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XAUUSD seeks support Gold softens against the dollar as US core inflation remains sticky despite an overall downtrend. The price is still in search of support after a recent spike above 2120. A drift below the immediate support of 2040…
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